Fittingly, most of the money—which Walentas says will be paid out over five to ten years— will help the school fund opportunities for first-generation college students like Walentas, who is now worth an estimated $2.5 billion. Half of the funds will help establish scholarships for undergraduates who are the first in their family to attend college and who hail from three places: the state of Virginia; Walentas’ hometown of Rochester, New York; or his current home, New York City.
“I cannot imagine a better way to honor the future than by making a significant and lasting commitment to first-generation college students,” University of Virginia President James E. Ryan said in a statement. “This gift from David Walentas will serve as a cornerstone of the $5 billion campaign we are launching this weekend and will have an enduring impact on the University of Virginia and on those who attend it.
The donation is Walentas’ largest philanthropic action to date, but it’s not his first gift to his alma mater. His Walentas Foundationdonated $5,000 to its Darden School of Business, where Walentas got his M.B.A. after finishing his undergraduate degree at the university. He says he and his wife have also given “a few million” to the Jefferson Scholars Foundation, which provides merit scholarships to UVA students.
TenaciousEye America at its best !!!
Kudos n many thanks to Mr. Walentas! May GOD Bless n increase his Resources more 🙏🏽
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